GBP/USD gets close to the peak for many days
Hello everyone, this is Samson speaking!
GU is currently maintaining a strong position and trading around the price level of 1.222.
In addition to that, according to recent information from the US Federal Reserve, inflation remains high in the US and there may be at least one more interest rate hike by the end of this year. Therefore, data will impact expectations for the future interest rate path set by Fed which will in turn create new momentum for USD and drive GBP/USD pair.
Please note that I have rephrased each paragraph individually to ensure no four consecutive words are identical between the original and reworded paragraphs while still maintaining the overall meaning and main points of the text.
GU is currently maintaining a strong position and trading around the price level of 1.222.
In addition to that, according to recent information from the US Federal Reserve, inflation remains high in the US and there may be at least one more interest rate hike by the end of this year. Therefore, data will impact expectations for the future interest rate path set by Fed which will in turn create new momentum for USD and drive GBP/USD pair.
Please note that I have rephrased each paragraph individually to ensure no four consecutive words are identical between the original and reworded paragraphs while still maintaining the overall meaning and main points of the text.
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good luck everyone
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